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ISKAN incurs KWD 1.5 mln losses in 3 months till 31/03/2011

UNICAP UNICAP -1.11% 97.60 -1.10

Kuwait Stock Exchange (KSE) announces that the board of Housing Finance Company (ISKAN), obtained yesterday, Tuesday, 24/05/2011, the approval of the Central Bank of Kuwait (CBK) on the interim financial statements for the fiscal period that ended on 31/3/2011 as follows:

Item

3 months ended 31/03/2011

3 months ended 31/03/2010

Profit (Loss) (KWD)

(1.578.700)

29.782

EPS (LPS) (fils)

(5.39)

0.10

Total current assets

77.385.153

51.500.741

Total assets

184.460.977

198.251.510

Total current liabilities

75.974.426

77.057.993

Total liabilities

147.917.331

162.393.016

Total shareholders’ equity

18.405.056

20.349.383

Expenses of dealings with related parties totaled KWD 189.273, with no related revenue recorded.

Accordingly, the stock will resume trading ten minutes after this announcement.

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